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Defection: We’re Convinced Oborevwori Is Joining APC

The Concerned Leaders of Peoples Democratic Party (PDP) in Delta State has said it is convinced that the state governor, Sheriff Oborevwori, is on his way to the All Progressives Congress (APC). This claim comes after Oborevwori’s Chief Press Secretary, Festus Ahon, and PDP chapter Chairman, Chief Solomon Arenyeka, had earlier denied the rumour. But...
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FX reserves hit $40.8bn one month after Eurobond

Nigeria’s foreign exchange reserves surged by $591.78m in the month following the government’s $2.2bn Eurobond auction on December 2, 2024. Data from the Central Bank of Nigeria shows that reserves increased from $40.29bn on December 2 to $40.88bn on January 3, 2025. This represents a month-on-month growth of 1.47 per cent and highlights the positive...
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When Reps Quizzed CBN On Staff Disengagement

The House of Representatives has continued its investigation into the alleged retrenchment of staff by the Olayemi Cardoso-led management of the Central Bank of Nigeria (CBN), PHILIP NYAM reviews the proceedings Since his confirmation as governor of the Central Bank of Nigeria (CBN) by the Senate on September 23, 2023, Olayemi Cardoso has initiated a...
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Seplat plans 120,000bpd crude oil production

Oil and gas giant, Seplat, has said it aims to double its crude oil production capacity within six months after moving in to fill the gap following ExxonMobil’s retreat from Nigeria’s onshore oil sector. Seplat’s Chief Financial Officer, Eleanor Adaralegbe, revealed this projection in an interview with the Financial Times on Tuesday. He said the...
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I apologise for saying no heaven without tithe – Adeboye

The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

Man who asked Tinubu to resign admitted in psychiatric hospital

The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...